Pensions - Articles - Pension Protection Fund publishes their latest PPF7800 Index


This update provides the latest estimated funding position, on a section 179 (s179)basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).

 A scheme’s 179 liabilities represent, broadly speaking, the premium that would have to be paid to an insurance company to take on the payment of PPF levels of compensation. This compensation may be lower than full scheme benefits.

 Highlights
 • The aggregate deficit of the 5,450 schemes in the PPF 7800 Index is estimated to have increased over the month to £43.9 billion at the end of March 2019, from a deficit of £8.6 billion at the end of February 2019.
 • The funding level decreased from 99.5 per cent at the end of February 2019 to 97.4 per cent.
 • Total assets were £1,649.1 billion and total liabilities were £1,693.0 billion.
 • There were 3,267 schemes in deficit and 2,183 schemes in surplus.
 
 For a more in-depth look at the monthly changes to our data please go here
 
 To view the full update go here
  

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